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Decentralized Social

DESO

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About Decentralized Social

DESO is the native cryptocurrency powering the Decentralized Social blockchain, a platform designed to support a wide variety of decentralized social media applications. DESO can be used to purchase “social tokens” and NFTs, and to create profiles and posts for Decentralized Social applications.

Decentralized Social (DeSo) is a unique layer-1 blockchain designed to decentralize social media for billions of users. It aims to shift the control of online information from a few tech giants to the users themselves. DeSo allows users to own their identity, profile, content, and social graph in a completely censorship-resistant way. It also provides creators with new crypto-native tools such as Social Tokens, Social DAOs, Social NFTs, and Social Tipping, enabling them to monetize their passion and make a living by doing what they love. DeSo is also designed to support storage-heavy or infinite-state applications, opening up a new world of non-financial-based web3 apps that weren't possible before.

DeSo works by storing all social data on a decentralized ledger, making it immediately available to a large and growing network of independent third-party apps. It supports not only traditional social features like creating profiles and posts, but also novel blockchain-native features like social tokens, tipping, and NFTs. These features unlock new categories of crypto-enabled products, enabling creators to more effectively monetize their content and connect with their followers on DeSo-powered apps. DeSo's unique architecture allows it to reach highly-scalable storage capabilities that are unparalleled by any general-purpose blockchain.

DeSo has a wide range of potential use cases. It can be used to build decentralized versions of popular social media platforms, allowing users to own their content and social graph. It can also be used to create social NFT experiences and influencer stock markets. Moreover, DeSo can be used to build a variety of crypto-native features like NFTs, DAOs, Social Tokens, Crypto Tips, and Paid DMs, providing new ways for creators to monetize their content. It can also be used to build storage-heavy or infinite-state applications, opening up a new world of non-financial-based web3 apps.

DeSo was founded by Nader Al-Naji in January 2019. After graduating from Princeton University, Al-Naji worked as a software engineer at the D. E. Shaw Group and later at Google on the Google Search and Google Ads teams. Before DeSo, he raised substantial funds to start an algorithmic stablecoin Basis in 2017. The DeSo blockchain is supported by the non-profit DeSo Foundation, which aims to support the decentralization of social media. Al-Naji is currently the chairman of the board of the DeSo Foundation, which has a substantial treasury to support its mission. The DeSo Foundation has established a developer fund, known as the Octane Fund.

Market

Germany Market Stats

Market cap

€164.0M

Volume (24h)

€9.0M

Circulating supply

8.9M DESO

Typical hold time

26 days

Popularity

#332

All time high

€403.82

Germany Market performance

Price change (1h)

+0.57%

Price change (1d)

-1.64%

Price change (1w)

-3.13%

Price change (2w)

-9.53%

Price change (1m)

-31.55%

Price change (1y)

+86.16%

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Social

Some highlights about Decentralized Social on social media

110 unique individuals are talking about Decentralized Social and it is ranked #662 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Decentralized Social has an average sentiment score of 3.4 out of 5. Finally, Decentralized Social is becoming more newsworthy, with 0 news articles published about Decentralized Social. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Decentralized Social. There were 66.22% of tweets with bullish sentiment compared to 9.46% of tweets with a bearish sentiment about Decentralized Social. 24.32% of tweets were neutral about Decentralized Social. These sentiments are based on 74 tweets.

On Reddit, Decentralized Social was mentioned in 0 Reddit posts and there were 0 comments about Decentralized Social. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

110 people

Posts

58 posts

Dominance

0%

Volume rank

#662

Average Sentiment

3.4 out of 5

Twitter

Coinbase Bytes

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Decentralized Social is on the decline this week.

The price of Decentralized Social has increased by 0.57% in the last hour and decreased by 1.64% in the past 24 hours. Decentralized Social’s price has also fallen by 3.13% in the past week. The current price is €17.72 per DESO with a 24-hour trading volume of €8.96M. Currently, Decentralized Social is valued at 95.61% below its all time high of €403.82. This all-time high was the highest price paid for Decentralized Social since its launch.

The current circulating supply of Decentralized Social is 8,884,536 DESO which means that Decentralized Social has as total market cap of 8,884,536.

FAQ

What is the current price of Decentralized Social?

We update our Decentralized Social to EUR currency in real-time. Get the live price of Decentralized Social on Coinbase.

What is the market cap of Decentralized Social?

The current market cap of Decentralized Social is €163.99M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Decentralized Social?

The all-time high of Decentralized Social is €403.82. This all-time high is highest price paid for Decentralized Social since it was launched.

What is the 24 hour trading volume of Decentralized Social?

Over the last 24 hours, the trading volume of Decentralized Social is €8.96M.

How many Decentralized Social are there?

The current circulating supply of Decentralized Social is 8.9 million.

What is the typical holding time of Decentralized Social?

The median time that Coinbase customers hold Decentralized Social before selling it or sending it to another account or address is 26 days.

What is the relative popularity of Decentralized Social?

Decentralized Social ranks 127 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Decentralized Social?

Currently, 96% of Coinbase users are buying Decentralized Social. In other words, 96% of Coinbase customers have increased their net position in Decentralized Social over the past 24 hours through trading.

Can I buy Decentralized Social on Coinbase?

Yes, Decentralized Social is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Decentralized Social guide.